The TJX Companies, Inc. Reports March 2013 Sales

  The TJX Companies, Inc. Reports March 2013 Sales

Business Wire

FRAMINGHAM, Mass. -- April 11, 2013

The TJX Companies, Inc. (NYSE: TJX) today reported March 2013 sales results.
Sales for the five-week period ended April 6, 2013, were $2.4 billion, up 5%
over the $2.3 billion achieved during the five-week period ended March 31,
2012. For the nine-week period ended April 6, 2013, sales reached $4.2
billion, a 6% increase over the $4.0 billion achieved during the nine-week
period ended March 31, 2012. Consolidated comparable store sales for the
five-week period ended April 6, 2013, were down 2%. For the nine-week period
ended April 6, 2013, consolidated comparable store sales decreased 1%.

Carol Meyrowitz, Chief Executive Officer of The TJX Companies, Inc., stated,
“Due to the year-over-year timing of Easter, we had not planned March to be a
strong month against last year’s high increase, and our comparable store sales
were in line with our expected range. This was despite the extraordinarily
cold weather across most regions in the U.S., Canada and Europe. In regions of
the U.S. where weather was not an issue, we saw comp sales increases. Further,
overall business trends improved as the weather became warmer. For the first
quarter, even with March sales at the low end of our expected range,
merchandise margins are on track to be better than last year and we are
narrowing the range of our earnings per share guidance to $.60-$.62. It is
worth noting that this represents a very solid increase over last year’s first
quarter, which had the highest EPS growth of that year. April is off to a good
start, our inventories are in great shape, and we are seeing an enormous
amount of desirable product in the marketplace.”

About The TJX Companies, Inc.

The TJX Companies, Inc. is the leading off-price retailer of apparel and home
fashions in the U.S. and worldwide. The Company operates 1,044 T.J. Maxx, 909
Marshalls, 423 HomeGoods and 4 Sierra Trading Post stores as well as
SierraTradingPost.com in the United States; 225 Winners, 89 HomeSense, and 21
Marshalls stores in Canada; and 348 T.K. Maxx and 24 HomeSense stores in
Europe. TJX’s press releases and financial information are also available at
www.tjx.com.

March and April 2013 Sales Recorded Calls

A recorded message with more detailed information regarding TJX’s March 2013
sales, operations and business trends is available at www.tjx.com, or by
calling (703) 736-7248 through Thursday, April 18, 2013. The Company expects
to release its April 2013 sales on Thursday, May 9, 2013, at approximately
8:15 a.m. ET. Concurrent with that press release, a recorded message with more
detailed information regarding TJX’s April sales, operations and business
trends will be available at www.tjx.com, or by calling (703) 736-7248 through
Thursday, May 16, 2013. As a reminder, after the April sales release, the
Company will no longer report monthly sales and move to a quarterly reporting
schedule. The Company believes that this is the right practice for TJX and its
shareholders, reflecting the long-term approach it takes in planning and
running its business.

First Quarter Fiscal 2014 Conference Call

Additionally, the Company expects to release its first quarter earnings on
Tuesday, May 21, 2013, before 9:30 a.m. ET. At 11:00 a.m. ET that day, Carol
Meyrowitz, TJX’s Chief Executive Officer, will hold a conference call with
stock analysts to discuss the Company’s first quarter Fiscal 2014 results,
operations and business trends. A real-time webcast of the call will be
available at www.tjx.com. A replay of the call will also be available at
www.tjx.com or by dialing (866) 367-5577 through Tuesday, May 28, 2013.

Important Information at Website

The Company’s recorded messages and conference calls are available at
www.tjx.com after they are no longer available by telephone. The Company
routinely posts information that may be important to investors in the Investor
Information section at www.tjx.com. The Company encourages investors to
consult that section of its website regularly.

Forward-looking Statement

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF
1995: Various statements made in this release are forward-looking and involve
a number of risks and uncertainties. All statements that address activities,
events or developments that we intend, expect or believe may occur in the
future are forward-looking statements. The following are some of the factors
that could cause actual results to differ materially from the forward-looking
statements: execution of buying strategy and inventory management; operational
expansion and management of large size and scale; customer trends and
preferences; market, banner, geographic and category expansion; marketing,
advertising and promotional programs; competition; personnel recruitment and
retention and costs of labor; global economic conditions and consumer
spending; data security; information systems and new technology; seasonal
influences; adverse or unseasonable weather; serious disruptions and
catastrophic events; corporate and banner reputation; merchandise quality and
safety; expanding international operations; merchandise importing; commodity
pricing; fluctuations in currency exchange rates; fluctuations in quarterly
operating results and market expectations; acquisitions, business investments
and divestitures; compliance with laws, regulations and orders; changes in
laws and regulations; outcomes of litigation, legal matters and proceedings;
tax matters; real estate activities; cash flow and other factors that may be
described in our filings with the Securities and Exchange Commission. We do
not undertake to publicly update or revise our forward-looking statements even
if experience or future changes make it clear that any projected results
expressed or implied in such statements will not be realized.

Contact:

The TJX Companies, Inc.
Sherry Lang
Senior Vice President
Global Communications
(508) 390-2323
 
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